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Liberty Energy Inc.（LBRT）与Select Water Solutions, Inc.（WTTR）财务数据对比。点击上方公司名可切换其他公司
Liberty Energy Inc.的季度营收约是Select Water Solutions, Inc.的2.9倍（$1.0B vs $346.5M）。Liberty Energy Inc.净利率更高（2.2% vs -0.1%，领先2.3%）。Liberty Energy Inc.同比增速更快（4.5% vs -0.7%）。过去两年Select Water Solutions, Inc.的营收复合增速更高（-2.8% vs -6.2%）
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
Select Water Solutions是一家专注于油气领域的水务及环保解决方案供应商，主要服务北美陆上油气开采市场，核心业务涵盖水资源获取、处理、回收、处置及化学品解决方案，可帮助客户降低运营成本、减少环境影响。
LBRT vs WTTR — 直观对比
营收规模更大
LBRT
是对方的2.9倍
$346.5M
营收增速更快
LBRT
高出5.2%
-0.7%
净利率更高
LBRT
高出2.3%
-0.1%
两年增速更快
WTTR
近两年复合增速
-6.2%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $346.5M |
| 净利润 | $22.6M | $-346.0K |
| 毛利率 | — | 13.1% |
| 营业利润率 | 2.2% | -0.1% |
| 净利率 | 2.2% | -0.1% |
| 营收同比 | 4.5% | -0.7% |
| 净利润同比 | 64.8% | 78.9% |
| 每股收益（稀释后） | $0.14 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LBRTWTTR
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $346.5M | ||
| Q3 25 | $947.4M | $322.2M | ||
| Q2 25 | $1.0B | $364.2M | ||
| Q1 25 | $977.5M | $374.4M | ||
| Q4 24 | $943.6M | $349.0M | ||
| Q3 24 | $1.1B | $371.3M | ||
| Q2 24 | $1.2B | $365.1M |
净利润LBRTWTTR
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $-346.0K | ||
| Q3 25 | $43.1M | $2.7M | ||
| Q2 25 | $71.0M | $10.6M | ||
| Q1 25 | $20.1M | $8.2M | ||
| Q4 24 | $51.9M | $-1.6M | ||
| Q3 24 | $73.8M | $15.8M | ||
| Q2 24 | $108.4M | $12.9M |
毛利率LBRTWTTR
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 13.1% | ||
| Q3 25 | 18.7% | 13.5% | ||
| Q2 25 | 22.1% | 15.9% | ||
| Q1 25 | 22.1% | 14.9% | ||
| Q4 24 | 21.4% | 12.7% | ||
| Q3 24 | 26.2% | 16.8% | ||
| Q2 24 | 27.9% | 16.5% |
营业利润率LBRTWTTR
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | -0.1% | ||
| Q3 25 | -0.3% | -0.5% | ||
| Q2 25 | 3.6% | 4.2% | ||
| Q1 25 | 1.9% | 4.2% | ||
| Q4 24 | 2.6% | 0.7% | ||
| Q3 24 | 9.4% | 6.6% | ||
| Q2 24 | 12.2% | 5.6% |
净利率LBRTWTTR
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | -0.1% | ||
| Q3 25 | 4.5% | 0.8% | ||
| Q2 25 | 6.8% | 2.9% | ||
| Q1 25 | 2.1% | 2.2% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 6.5% | 4.3% | ||
| Q2 24 | 9.3% | 3.5% |
每股收益（稀释后）LBRTWTTR
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.43 | — | ||
| Q1 25 | $0.12 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.44 | — | ||
| Q2 24 | $0.64 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $699.1M | $18.1M |
| 总债务越低越好 | $7.1M | $320.0M |
| 股东权益账面价值 | $1.9B | $805.6M |
| 总资产 | $4.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资LBRTWTTR
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $18.1M | ||
| Q3 25 | $13.5M | $17.8M | ||
| Q2 25 | $19.6M | $51.2M | ||
| Q1 25 | $24.1M | $27.9M | ||
| Q4 24 | $20.0M | $20.0M | ||
| Q3 24 | $23.0M | $10.9M | ||
| Q2 24 | $30.0M | $16.4M |
总债务LBRTWTTR
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $320.0M | ||
| Q3 25 | — | $305.0M | ||
| Q2 25 | — | $275.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | $190.5M | $85.0M | ||
| Q3 24 | — | $80.0M | ||
| Q2 24 | — | $90.0M |
股东权益LBRTWTTR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $805.6M | ||
| Q3 25 | $2.1B | $808.1M | ||
| Q2 25 | $2.0B | $799.3M | ||
| Q1 25 | $2.0B | $793.1M | ||
| Q4 24 | $2.0B | $793.5M | ||
| Q3 24 | $2.0B | $796.5M | ||
| Q2 24 | $1.9B | $782.0M |
总资产LBRTWTTR
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $1.6B | ||
| Q3 25 | $3.5B | $1.6B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | $3.4B | $1.5B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.3B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B |
负债/权益比LBRTWTTR
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.40× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.10× | 0.11× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.12× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $65.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -1.7% |
| 资本支出强度资本支出/营收 | 13.1% | 20.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-79.9M |
8季度趋势，按日历期对齐
经营现金流LBRTWTTR
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $65.5M | ||
| Q3 25 | $51.5M | $71.7M | ||
| Q2 25 | $170.6M | $82.6M | ||
| Q1 25 | $192.1M | $-5.1M | ||
| Q4 24 | $177.3M | $67.8M | ||
| Q3 24 | $244.5M | $51.9M | ||
| Q2 24 | $248.2M | $83.1M |
自由现金流LBRTWTTR
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $-6.0M | ||
| Q3 25 | $-67.2M | $-23.5M | ||
| Q2 25 | $33.1M | $3.2M | ||
| Q1 25 | $58.2M | $-53.5M | ||
| Q4 24 | $-26.2M | $12.7M | ||
| Q3 24 | $77.9M | $16.7M | ||
| Q2 24 | $112.2M | $34.0M |
自由现金流率LBRTWTTR
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -1.7% | ||
| Q3 25 | -7.1% | -7.3% | ||
| Q2 25 | 3.2% | 0.9% | ||
| Q1 25 | 6.0% | -14.3% | ||
| Q4 24 | -2.8% | 3.6% | ||
| Q3 24 | 6.8% | 4.5% | ||
| Q2 24 | 9.7% | 9.3% |
资本支出强度LBRTWTTR
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 20.6% | ||
| Q3 25 | 12.5% | 29.6% | ||
| Q2 25 | 13.2% | 21.8% | ||
| Q1 25 | 13.7% | 12.9% | ||
| Q4 24 | 21.6% | 15.8% | ||
| Q3 24 | 14.6% | 9.5% | ||
| Q2 24 | 11.7% | 13.5% |
现金转化率LBRTWTTR
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | 26.72× | ||
| Q2 25 | 2.40× | 7.76× | ||
| Q1 25 | 9.55× | -0.61× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 3.29× | ||
| Q2 24 | 2.29× | 6.46× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LBRT
暂无分部数据
WTTR
| Water Services | $178.3M | 51% |
| Marcellus Utica | $38.6M | 11% |
| Rockies | $38.3M | 11% |
| Eagle Ford | $28.2M | 8% |
| Midcon | $23.0M | 7% |
| Haynesville E.Texas | $19.1M | 6% |
| Bakken | $17.3M | 5% |
| Eliminations And Other Geographical Regions | $3.6M | 1% |
